20 LEXPERT MAGAZINE
|
MARCH/APRIL 2018
BIG DEALS
counsel to Ero. e Clifford Chance team
was composed of Anand Saha and Devon
MacLaughlin (securities).
Pinheiro Neto Advogados acted as Bra-
zil counsel to Ero with a team that included
Carlos Vilhena and Adriano Drummond
Trindade (mining).
Cassels Brock & Blackwell LLP acted
as Canadian counsel to the Underwriters.
e Cassels Brock team consisted of Chad
Accursi, Shaun Khullar, Kyle Simpson,
and James Lyle (securities and mining) and
Christopher Norton (tax).
Dorsey & Whitney LLP acted as US
counsel to the Underwriters. e Dorsey
team was composed of Richard Raymer and
Daniel Nauth (securities).
Veirano Advogados acted as Brazil
counsel to the Underwriters with a team
that included Pedro Garcia and Daniela
Philbois (mining).
Pipelines
Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
KINEPOLIS GROUP ACQUIRES
LANDMARK CINEMAS
FOR $123M
CLOSING DATE: DECEMBER 8, 2017
On December 8, 2017, Belgium-based Kine-
polis Group NV (Kinepolis) completed its
acquisition of Landmark Cinemas Canada
Limited Partnership (Landmark Cinemas)
from TriWest Capital Partners (TriWest)
and management shareholders for approxi-
mately $123 million.
Landmark Cinemas is Canada's second-
largest movie theatre exhibition company,
with a market share of 10 per cent. Based
in Calgary, it operates 44 movie theatres in
Central and Western Canada, with a total of
303 screens and 55,000 seats.
Kinepolis, a Belgian publicly traded com-
pany listed on Euronext Brussels, is a trend-
setter in the cinema business. Following the
Landmark Cinemas acquisition, the interna-
tional award-winning cinema chain now op-
erates 92 movie theatres with a total of 802
screens and more than 180,000 seats in Bel-
gium, France, e Netherlands, Spain, Swit-
zerland, Luxembourg, Poland and Canada.
e acquisition of Landmark is Kinepolis's
first acquisition outside of Europe and fits in
with its expansion strategy, providing it with
new growth opportunities through acquisi-
tions and new-build movie theatres.
Kinepolis was represented by Davies
Ward Phillips & Vineberg LLP with a
team that included Cameron Rusaw and
Sarah Elharrar (M&A), George Addy and
Elisa Kearney (competition and Investment
Canada), Raj Juneja (tax), Sarah Powell (envi-
ronmental) and Pawel Mielcarek (real estate).
Stibbe cvba/scrl acted as Belgian counsel
to Kinepolis with a team that included Jan
Peeters and Liselot Claeys (M&A). Kinepo-
lis was represented in-house by Hilde Her-
man, Senior Legal Advisor.
TriWest and the other sellers were rep-
resented by Stikeman Elliott LLP with a
team that included Craig Story, Carolyn
Simpson, Stephen Wintermute and Matt
Dolan (M&A), Julie D'Avignon and Kevin
Guenther (tax) and Susan Hutton and Me-
gan MacDonald (competition and Invest-
ment Canada).
Energy & Power Pipelines
Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
OTSUKA PHARMACEUTICAL
ACQUIRES DAIYA FOODS
CLOSING DATE: AUGUST 31, 2017
On August 31, 2017, Otsuka Pharmaceutical
Co., Ltd. (Otsuka), a global holistic health-
care company, acquired 100 per cent of Daiya
Foods Inc. (Daiya), a privately held Vancou-
ver based company specializing in the manu-
facture of plant-based foods.
A landmark transaction for the natural
food industry, the acquisition of Daiya great-
ly expands Otsuka's product portfolio, add-
ing new categories of plant-based products in
North America.
is also provides Daiya with a partner
that has expertise in consumer brands, R&D,
manufacturing, and global markets that can
elevate the brand to new heights.
e acquisition proceeded by way of Plan
of Arrangement under British Columbia law,
and was approved by the Daiya board and its
shareholders.
Baker McKenzie advised Otsuka with a
team led by Jeremy White, Mami Ohara and
Yoshitomo Matsuura in the firm's Tokyo of-
fice and included Nicholas Marchica in New
York and Cathy Qi in Toronto.
Fasken Martineau DuMoulin LLP ad-
vised Daiya with a team led by Ally Bharmal
and Iain Mant and included Michael Co-
burn (tax), Ariel Laver (corporate), Martin
Ferreira Pinho (corporate and securities),
Tracey Cohen and Samantha Chang (litiga-
tion), Karam Bayrakal and Roger Kuypers
(intellectual property), Lorene Novakowski
(employment), and Richard Berrow and Mi-
chael Parrish (insurance).
HUDBAY COMPLETES
$242M EQUITY FINANCING
CLOSING DATE: SEPTEMBER 27, 2017
Hudbay Minerals Inc. (Hudbay) (TSX:
HBM) (NYSE: HBM) completed a bought-
deal equity offering of 24 million common
shares at a price of $10.10 per share, for gross
proceeds of $242 million.
e offering was underwritten by a syndi-
cate co-led by RBC Capital Markets, BMO
Capital Markets, and Scotiabank and includ-
ed CIBC World Markets Inc., GMP Securi-
ties L.P., TD Securities Inc., National Bank
Financial Inc., Barclays Capital Canada Inc.,
Canaccord Genuity Corp., Cormark Securi-
ties Inc., Haywood Securities Inc., Merrill
Lynch Canada Inc., Citigroup Global Mar-
kets Canada Inc., Eight Capital, Macquarie
Capital Markets Canada Ltd., Morgan Stan-
ley Canada Ltd. and Raymond James Ltd.
Hudbay was represented in-house by Pat-
rick Donnelly, Vice President and General
Counsel, Mark Haber, Director, Corporate
Legal and Carla Nawrocki, Legal Counsel;
and externally by Goodmans LLP with
a team that included Kari MacKay, Gesta
Abols and David Coll-Black (securities/
mining) and Michael Royal (tax); and in the
United States by Milbank, Tweed, Hadley
& McCloy LLP with a team that included
Mark Mandel, Brett Nadritch and Sam
Badawi (corporate/capital markets).
Cassels Brock & Blackwell LLP rep-
resented the underwriters with a team that
included Chad Accursi, Nancy Choi, Ste-
fanie Sebanc, Matt Gold and Patricia Wood
(securities/mining), Mike Tallim (financial
services) and James Morand (tax).
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
ONTARIO POWER GENERATION
COMPLETES $500M MEDIUM-
TERM NOTE OFFERING
CLOSING DATE: OCTOBER 2, 2017
On October 2, 2017, Ontario Power Gen-
eration Inc. (OPG) completed its offer-
